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The Association of Cycle Traders
This is a trade facing website.
Visit the ACTís consumer site at thecyclingexperts.co.uk.

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Results: 61-70 of 1936


6 Apr 2020

The ACT has initiated a campaign to support retail owners with a scheme comparable to theJob Retention Scheme for our employees.

3 Apr 2020

The Business Secretary has called on high street lenders to ease access to the Coronavirus Business Interruption Loans Scheme (CBILS) for small independent retailers during the crisis.

2 Apr 2020

The National Living Wage and National Minimum Wage rates increased yesterday, following recommendations made to the Government by the Low Pay Commission

1 Apr 2020

If you are an NHS or Key Worker get in touch with Freewheel for a free care package worth £100!

1 Apr 2020

Decarbonising transport: setting the challenge states the current challenges and steps to be taken when developing the transport decarbonisation plan.

31 Mar 2020

As Local Bike Shop Day is a day encompassing the whole trade, the final judgement was given to the bike shops that had signup to take part. Out of all the respondents the overwhelming majority -...

31 Mar 2020

The Treasury Select Committee led by Mel Stride MP, has challenged the Association of British Insurers regarding the support offered to business via their members, with specific regard to...

30 Mar 2020

According to the Northern Ireland Executive Office, bicycle shops are included on the list of essential shops that "can continue to operate but are under a legal duty to adopt social...

27 Mar 2020

eBay has today pledged to support small business owners by offering a 30day payment holiday for existing sellers and is waiving fees for all new businesses registering to list or sell until...

27 Mar 2020

UK VAT registered business with VAT payments due between 20 March 2020 and 30 June 2020 have the option to defer the payment until a later date or pay the VAT due as normal

WANTED: Government Support for Retail Owners

Posted on in Business News , Cycles News , Political News

The ACT has identified that the great majority of IBD owners will not be supported by the Government's current support schemes, where they have been enforced to close. This shortfall already applies to many of our Independent Retail Confederation (IRC) colleagues, from hairdressers to booksellers; all micro retailer, limited company directors and shareholders.

The ACT has initiated a campaign through the IRC and its 100,000+ strong retail network to support retail owners with a scheme comparable to the Job Retention Scheme for our employees.

The proposal highlights the dependency of the speciality retail business sector upon the ownership; the sacrifices owners make to keep the retail sector running and their personal reliance upon generating profits to provide the dividends they require to fund their businesses, pay their staff and live!

Through the Independent Retailers Confederation, the ACT are urging Government to implement a financial support programme for our members NOW!

 

Reader Comments (4)

So will there be any help for those of us on low income, rent to pay but no business rates? Mine are included in the rent, does that mean my landlord will pocket the grant?

David Beacham, 6 Apr 2020

Rates are charged to the occupier(s) of a building, not the landlord unless they also run a business from the building Ė either way you should still be paying rates or have Small Business Rates Relief. I'm in a building with 2 other businesses and the 3 business here are all eligible for SBRR, so we each receive the govt. grant - the landlord doesn't have a physical business presence in the building, so doesn't get the grant. You umay want to check with your local authority although it may be too late to rectify.

Robert Wade, 7 Apr 2020

What we'd like the ACT to do is push for a 'half-furlough' scheme. We're open 50% of the time with around 50% income. With six staff we can't simply furlough three - we all have different skills and work as a team. The support we need is 40% of wages for all (half-time) staff rather than 80% for some of our employees. Please can the ACT look into this issue.

Lucy Hall, 10 Apr 2020

Hi Lucy,apologies for the delay in replying. We've noted your request and will take it forward to our peers at the Independent Retailers Confederation to see if there have been any other similar requests.

Tabitha ActSmart, 12 Apr 2020

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